SLM Tyres IPO fully subscribed in 5 seconds

May 18, 2026 (MLN): Service Long March Tyres Limited’s Initial Public Offering (IPO) received an overwhelming response from investors as the book building phase was fully subscribed within just 5 seconds of opening, making it one of the fastest book building transactions in the history of the Pakistan Stock Exchange (PSX).

The extraordinary participation from institutional investors and high-net-worth individuals highlighted strong market confidence in the company’s business fundamentals, production capacity, export prospects, and long-term growth strategy.

The IPO is being offered within a price band of Rs14.25 to Rs19.95 per share, while the book building process will continue on May 18 and 19, 2026.

The offering values the company at nearly $550m, with management aiming to transform Service Long March Tyres into a $1bn company over the next two years.

Service Long March Tyres Limited attracted significant investor interest as Pakistan’s export-oriented manufacturing sector continues to gain attention in the capital market.

Arif Habib Limited, acting as the lead manager and book runner for the transaction, thanked investors for their strong participation in the IPO process.

“We sincerely thank all investors for placing their trust in Arif Habib Limited and participating in this landmark transaction.

The response reflects strong confidence in Service Long March Tyres’ fundamentals, export potential and long-term growth story,” said Shahid Ali Habib.

Market participants viewed the exceptional response to the IPO as a positive signal for Pakistan’s equity market, especially amid rising investor appetite for export-led industrial companies.

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